Bulgaria Company Formation FAQs

Nominee directors and shareholders are permitted in Bulgaria, and if you use a nominee shareholder, you will not have to pay a tax on dividends. 

Foreigners can own all of the shares in Bulgaria. 

European citizens can receive long-term residency in Bulgaria by being either a manager or a partner of a company based in Bulgaria, as well as having a work contract. Non-EU citizens can gain permanent residency in Bulgaria by registering a foreign company and travelling to Bulgaria to serve as its representative, invest in property worth at least €312,000 or register a new corporation in Bulgaria and have at least 10 Bulgarian nationals on your payroll for at least six months.  However, you should take into account that if you own an EOOD or OOD company and are not a resident in Bulgaria, you can avoid paying social security contributions in most cases. 

Bulgaria has a 10 per cent tax rate for both personal and corporate incomes. They also boast the lowest dividend tax rate in Europe at only five per cent.

Offshore companies can open bank accounts in Bulgaria and can sometimes do so remotely. 

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